Winter Haven Land Site_Property for Sale

0 S Lake Howard Dr, Winter Haven, FL, 33880, US

Winter Haven Land Site

Asset description

Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the opportunity to acquire the Winter Haven Land Development Site (the “Property” or “Site”), a ±5.32-acre multi-family lakefront development site located four minutes from downtown Winter Haven, a burgeoning city within the rapidly growing Lakeland MSA.

The Property is located within the Downtown Community Redevelopment District, which is currently zoned for a maximum density of 193 multi-family units, with approvals for 1 boat slip per every 10 units (either on the Lake Howard or Lake May side). The Winter Haven Land Site is located within one of Central Florida’s fastest-growing and most desirable submarkets, having experienced record-breaking net migration in recent years. Therefore, a developer can quickly capitalize on the outsized demand fueling the multi-family space in one of the country’s hottest housing markets.

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Investment highlights

The lakefront site is located just outside of Downtown Winter Haven, just south of I-4, within the Lakeland MSA, one of the fastest growing locations in central Florida. It is within an easy commuting distance to Downtown Lakeland, Orlando, and Tampa Bay, all within a 50-minute drive of the site.
Polk County is well-known for its recent influx in population, welcoming over 29,000 residents, while only delivering 2,820 units from 2022-2023. According to ESRI, approximately 24% of housing units are occupied by renters, creating an unmet demand of 4,140 in this timeframe alone. The excess demand and lack of supply in this region creates the perfect opportunity for multifamily development.
Ability to utilize the site’s existing engineering and architectural plans which call for a total of 193 units, which can seamlessly fit within a 4 (or 5) story surface-parked product. Existing approvals will additionally allow for 19 lakefront boat slips (either on the Lake Howard or Lake May side).